S. 2357 · 116th Congress
Competitive Dollar for Jobs and Prosperity Act
- Stage
- In committee
- Sponsor
- Tammy Baldwin
- Introduced
- 2019-07-31
- Latest action
- 2019-07-31 · Introduced in Senate
Summary
Competitive Dollar for Jobs and Prosperity Act
This bill requires the Federal Reserve Board to impose a market access charge on foreign purchasers of U.S. assets. The board must levy this charge in order to achieve and maintain a current account balance (i.e., current account surpluses or deficits that do not exceed an average of 0.5% of U.S. gross domestic product).